A. General Description of Advisory Firm
We are a Delaware limited partnership, founded in February, 2003.
We primarily provide investment management services to separately managed accounts and private
pooled investment vehicles (each, a “Fund,” and collectively, the “Funds” or “Clients”) that are offered to
qualified investors on a private placement basis, typically pursuant to an investment management agreement or
similar document (an “IMA”) under which the Adviser is generally granted discretion to trade the Client’s
account without obtaining the Client’s consent to each particular transaction (subject to the investment policies
and restrictions, if any, imposed by the Client in an IMA or other organizational or operative document). In
addition, we operate under basic policies and principles applicable to the conduct of our investment advisory
business. These policies and principles are based upon general concepts of fiduciary duty, the specific
requirements of the Investment Advisers Act, the rules and regulations promulgated thereunder, and our internal
policies. We anticipate advising other funds and managed accounts from time to time. We refer to such potential
clients, along with the Clients, as our “clients.”
Our principals are Jonathan Savitz, Chief Investment Officer; William Troy, Chief Risk Officer; James
Gillespie, Portfolio Manager; Joseph Marconi, Portfolio Manager; and Brett Bush, Chief Operating Officer.
Greywolf Capital Management LP is controlled by its general partner, Greywolf GP LLC, a company controlled
by Jonathan Savitz.
B. Description of Advisory Services
As an investment adviser, we provide portfolio management services to our Clients. We are responsible
for sourcing potential investments, conducting research and due diligence
on potential investments, analyzing
investment opportunities, structuring investments, and monitoring investments on behalf of our Clients. We
generate all of our advisory billings from investment advisory services.
In general, we do not limit the type of investment advisory services we offer and there are no material
limitations to the types of securities in which we may invest our clients (subject to anything in the relevant IMA,
offering document, or organizational documents of a particular client). We may invest in any security and any
sector of the market to carry out the overall objectives of our clients. Such objectives, strategies and policies may
be expected to evolve materially over time. We have complete flexibility to create or organize (alone or in
conjunction with others including affiliates) or otherwise utilize special purpose subsidiaries or other special
purpose investment vehicles, swaps or other derivatives or structured products.
C. Availability of Customized Services for Individual Clients
We tailor our advisory services to the individual needs of our Clients. The Client’s IMA, managed
account agreement (a “MAA”), a Fund’s private placement memorandum (a “PPM”), or other Fund
organizational or operative documents provide more detailed descriptions of each Client’s investment objectives
and may contain investment guidelines, policies, or restrictions.
D. Wrap Fee Programs
We do not offer or participate in a wrap fee program.
E. Assets Under Management
As of January 1, 2023, we had approximately $4,026,304,898 Client Regulatory Assets Under
Management (as such term is defined in the instructions to Form ADV Part 1A), $3,977,095,011 on a
discretionary basis and $49,209,887 on a non-discretionary basis.